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R5,950,000

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Monthly Rates
R4,370 Excl. VAT

Apartment block reduced by R1M!!

This well-cared-for block of flats in Glenwood is close to many amenities, transport, freeways, shops, and hospitals. It currently consists of :
a 3-bedroom garden duplex unit with 2 bathrooms, 2 lounges, a bar area, a pool, and an enticing thatch gazebo. There is garaging for 2 vehicles, loads of extra parking space, storerooms, and a laundry area;
3 of 2 bedroom flats with bathrooms, lounge, dining rooms, carports or garage;
1 3-bedroom flat with bathroom, lounge, kitchen, lock-up carport, and a balcony; and finally,
a 1 bedroom flat with lounge and open plan kitchen with own secure parking.
This building has been revamped in the units and fetches a very good rental.
However, the opportunities are endless and could suit a new medical suite, rehabilitation center, office complex, or student accommodation. Plans were once drawn to make over 45 rooms for students with a central lounge, kitchen, and dining facility.
All this within a beautiful Spanish-style setting.

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Features

6
0
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
650m²
Land Size
959m²
Parking Bays
Covered Parking Bays
3
Basement Parking Bays
3

Bulwer, Durban

Originally called Rio de Natal by Vasco d Gama when he visited in 1497 Durban later received its name from a governor of the Cape Colony named Sir Benjamin D'Urban.  Durban is a cultural melting pot of diversity, ethnicity and top-class cuisine that represents culinary influences from around the world.  Located on the northeast coast of South Africa and being the biggest port, Durban is the heart of Kwa-Zulu...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

82,805.52

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